Comments for International Mortgage Solutions Blog

Comment on Low Rate Spanish Mortgages by G F Crudgington

G F Crudgington — Mon, 22 Feb 2010 15:46:20 +0000

Like Bryan & Clive I have also had similar experience with Low Rate Spanish Mortgages and paid £228 for survey only to find that the survey was never done and the mortgage was refused on the basis of an “In House Valuation” made by a company Dominion Credit and Finance located in Singapore, thousand of miles away from my property in France and that the loan was below the Dominion Credit and Finance funding level. Communications have not been good. I doubt whether they will refund the money paid for a survey which was never carried out. I had hope that it was all above board but I am now convinced that it is a scam and it is highly unlikely that I will get the survey fee back.

Comment on Low Rate Spanish Mortgages – Too Good To Be True? by Low Rate Spanish Mortgages. Can These Conmen Be Stopped? « International Mortgage Solutions Blog

Tue, 26 Jan 2010 09:46:51 +0000

[...] to my article on Low Rate Spanish Mortgages I have received another input from a client who in their words has been well and truly [...]

Comment on Low Rate Spanish Mortgages by Brian McKenzie

Brian McKenzie — Mon, 25 Jan 2010 11:17:36 +0000

Hi.
Similar story as clive only this time they said the mortgage was not approved because the valuation was wrong,which made no sense as no valuation had been made on the property. This email stating the above information was sent to me only after repeated attempts to contact them and also they said that they had sent me an email stating this a month previous which was total rubbish. Further attempts to contact them to clarify this has been ignored. I am now quite sure after reading Clives letter that I have been well and truly scamed..
B.Mckenzie

Comment on CAM Bank Spain Sends Out Threatening Letters To Clients In Mortgage Arrears by roger lucia

roger lucia — Wed, 30 Dec 2009 13:20:45 +0000

The Cam Bank in torrevieja La Siesta, allowed our estate agent to enter the branch and withdraw in cash 56,000 euros from my personal account and another joint account with my business partner and will not explain why they allowed this

Comment on Spanish Repossessions: What happens when you default on your Spanish Mortgage by mike walsh

mike walsh — Sun, 20 Dec 2009 16:18:34 +0000

hello, firstly i would just like to say this is a first class article, very well written and informative. I currently have a mortgage that is 3 months in arrears and it looks like i will not receive any money from my business for a month or two. Can you please give me some advice on what i should do. The mortgage is with the CAM, and I have informed the bank but i cannot get an answer from them if they are going to start proceedings. many thanks in advance. Mike

Comment on Low Rate Spanish Mortgages – Too Good To Be True? by Clive Ballard

Clive Ballard — Wed, 11 Nov 2009 01:59:47 +0000

As you say, Dominion Credit and Finance website is new, The name was only registered Jan/Feb 2009. Low Rate Spanish Mortgages were advertising the Yen mortgages in Oct 2008. The DC&F website, like the LRSM website is not very professional for the nature of what it is supposed to sell, and the office in Singapore is not an office but only a phone answering service. Like yourself I could not find any references to Henry Braithwaite in the banking world. I phoned/e-mailed him on a number of occasions in March 2009 requesting information on agents, other than LRSM for these mortgages.
I got no responce to the messages left.
Since DC&F were not contactable, and had no website until Jan 2009, I wonder how LRSM were able to offer their mortgages in Oct 2008, and purchased the domain name in May 2008.

Low Rate Spanish Mortgages charge a non refundable, 500 € to apply for a Yen mortgage.
I applied for a mortgage from them in Jan 2009, when there office was in Valencier. Approximatly 6 weeks later when I chased the mortgage, they had apparently moved to Bilbao, though were working through a UK phone answering service. When they rang back, I was told the morgage was not granted, due to the financial situation, but if I liked to apply again in 3 months (and pay another 500€) the situation might have changed.
It seems to me that the only ones making money out of this, are “Low Rate Spanish Mortgages”, a 1/2 man run business who as well as running lotteries, also run a dating site under their other company name of Marverose S.L
They also have interests in an Estate Agents (wherepropertysells.com), though I think this may now, have closed.
N.B. The original UK company named Dominion Credit and Finance went bust in the 1990′ies.

Comment on CAM Bank Spain Sends Out Threatening Letters To Clients In Mortgage Arrears by Mortgage Refinancing - Clear Up Arrears And Get Extra Cash | Real Money Reports

Mon, 26 Oct 2009 00:14:44 +0000

[...] CAM Bank Spain Sends Out Threatening Letters To Clients In … [...]

Comment on Spanish Banks In Trouble? by charles

charles — Thu, 22 Oct 2009 13:59:06 +0000

Can any one help me with contact at the caja sur in alhaurin el grande.

I would like to extract some money without going there

charles

Comment on CAM Bank Spain Sends Out Threatening Letters To Clients In Mortgage Arrears by Dificultados de la CAM para cobrar a los morosos británicos | RiesgoyMorosidad.Com

Wed, 21 Oct 2009 16:48:07 +0000

[...] extranjeros como a los españoles. La CAM ha tardado en actuar contra esos impagos. Ahora la CAM está enviando cartas a sus morosos en el Reino Unido amenazándoles con el embargo de sus biene…en su pais de [...]

Comment on CAM Bank Spain Sends Out Threatening Letters To Clients In Mortgage Arrears by admin

admin — Tue, 20 Oct 2009 11:23:31 +0000

Thank you for your comments. I have this morning been contacted direct by your broker Stuart and after our discussions on current facilities in Spain he is in the process of providing you with a written quote for a suitable alternative.